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Ann: Quarterly Activities Report & 5B, page-59

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  1. 4,041 Posts.
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    For those that think West Erregulla is just another flip of the coin

    http://www.petrelenergy.com/irm/PDF/2105_0/DavidBiggsexAWECEOtobeappointedDirectoratEGM

    "Until recently David was CEO and Managing Director of AWE Limited (ASX: AWE). AWE accepted a $602 million takeover bid from Japanese firm Mitsui in February 2018 after rejecting two other bids in the preceding months. The key asset sought by Mitsui in the purchase of AWE was AWE’s interest in the Waitsia field, 16km west of Warrego’s1 proposed West Erregulla-2 well. The Waitsia4 well which recorded a maximum flow rate of 90 MMscf/d, is among the highest ever recorded onshore Australia."

    "While it goes without saying that David’s experience in managing a very similar asset and navigating a successful path to identifying the 5th largest ever onshore gas discovery in Australia will be invaluable, from Petrel’s perspective we were most impressed by his knowledge and enthusiasm for the soon to be drilled West Erregulla prospect, which we believe to be a near identical analogue to AWE’s Waitsia Field.”

    Do you think David Biggs would know a thing or two about the North Perth Basin ? The UIL acquisition could be a master stroke.
 
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